On average, a female-founded business receives £763,000 in external funding, compared to an average of £4.7 million for a male-owned company. If this number were equal, research shows that our economy would be £250 billion better off.
Since 2022, almost 1 in 5 UK companies (18%) are led by women (more than 880,000). But a third of female business owners cite feelings of low self-confidence as a challenge.
It’s part of our job at Scottish Enterprise to raise confidence and ambition in the businesses we support. Here, a handful of our female leaders share five lessons on attracting diverse talent, adapting to new workplace trends, learning to trust yourself, and staying authentic as a leader.
Five lessons on leadership: tips from our female leaders
Michelle Kinnaird, Director of Business Support Services at Scottish Enterprise, speaks about mentorship as a valuable support tool:
"When I started here, I was part of a team of around 12 people. We’ve since grown into something with immense impact.
"To date, we’ve helped secure over £2 billion through our deals and portfolio, which currently sits at £400 million and around 350 companies, all at different stages.
"We're working to build an ecosystem that supports all entrepreneurs, from many different backgrounds.
"For example, we’re seeing more women leading tech companies. Take Appointedd — an online booking software company started by its CEO Leah Hutcheson in 2011, which now operates in 23 companies. Another is MIME Technologies Ltd, led by Anne Roberts, which is ranked 9th in the Scotland Tech 50.
"With these innovators as examples and educators, we can hopefully inspire more women – and people in general – to disregard gender stereotypes in their field of choice. That’s what I look on as our biggest achievement. We'll be able to say we’ve worked on some exciting deals and helped a huge variety of people reach their potential."
Ana Gallardo, Scottish Enterprise's Head of Programme Unit, describes her thoughts on authenticity and leadership:
"I lead the Entrepreneurial Development team. We’re a fairly small team focused on building entrepreneurial capability and capacity in the Scottish ecosystem.
"I used to have a huge inner battle, because I’d see leaders I admire – of all genders – and I’d find them so assertive and decisive. I feel like that’s not my personality, but in the early days, I’d try to imitate them. I felt I talked too much, I probably smiled too much, and I have a high-pitched voice.
"But then, a friendly CEO gave me the best advice. She simply said, ‘be you.’
"She told me that she had also struggled with having a sunny personality in the serious world of business. She learned to tone it down in certain situations, but she made it work to her advantage. I urge people to think that way – it's all about being yourself.
"In terms of leadership, there’s no such a thing as a universal definition – just pre-conceived ideas of what it should look like. Increasingly, I think it comes down to capability and integrity above all else.
"You should also never forget that an organisation is made of groups of human beings. Respect, honesty, and trust are fundamental in building a culture that makes an impact and creates value."
Alyson Smith, Head of Marketing and Engagement at Scottish Enterprise, talks about creating space for everyone:
"If you're in an organisation that truly puts people first, people will rise to any occasion, whether they work flexi-time or regular hours, or at home, or wherever.
"If you have good processes and procedures for getting people in, and for encouraging growth within existing teams, there's a high chance you'll end up with a fabulously fulfilled and varied team.
"We're working more online than ever before – colleagues, clients, and partners alike. Despite the challenges of recent years, we're performing more effectively and openly. We've got to know people better because we all meet in this one online room – it made a huge difference.
"It's allowed people to be themselves more and has created a much more level playing field."
Linda Murray, former Director of Strategy at Scottish Enterprise (now retired), encourages diversity in recruitment:
"In the last few years, long-held assumptions about work – including where and when it happens – have been challenged.
"Many businesses have completely re-imagined their working practices and they've seen real benefits in productivity and staff morale. In some cases, there was a much wider talent pool to draw on than they’d been tapping into previously.
"These days, the younger workforce is driven by a sense of the company’s value, not in financial terms, but much more widely thinking about the good a company is trying to achieve, who it works with and how it connects with communities.
"This is already the focus for many companies, because by attracting more diversity, especially in leadership roles, you get a broader range of lived experience. This means there are more different voices and perspectives driving change."
Elaine Morrison, Director of Business Partnerships, Productivity Mission and Business Growth, speaks about the importance of challenging perceptions:
“I’ve been with Scottish Enterprise and its predecessor since I left school. I joined an apprenticeship scheme in a general administrative role (mainly because that’s what my teacher told me to do).
"During my career, I became involved in a cross-party group in the Scottish Parliament focused on women in business. That reinforced the importance of ensuring that people can see a pathway to their end goal – whether that’s as the user or the provider of a service.
"As an example, with the support of Women’s Enterprise Scotland, we looked at Scottish Enterprise’s online content and noticed that the imagery was mostly of men and people in white coats. That made it difficult for other types of people to see that our service was for them. It had the potential to put people off.
"Changing something as simple as images can open up a new customer base and make us feel more accessible to a wider range of customers.
"Any time you bring together people with different perspectives and backgrounds – whether gender, race, sexuality, religion, or age – you invite challenge and change, and you often find a better way forward.
"All that energy can create something quite powerful. Give it a try.”
Cookies help Scottish Enterprise (“SE”, “us” or “we”) to provide you with a good experience when you browse our website and also allow us to improve our website. We assume that you are happy to receive all the cookies in the categories that you elect to allow, or which are strictly necessary for the operation of our website. You can change your cookie settings at any time.
Strictly necessary cookies
These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.
Cookie name
Purpose
Expiry
DS_SEC_Necessary_AllowedCookies
This cookie is used to record your preferences in regard to accepting marketing, performance or functionality cookies across the site.
1 year
se_session
This cookie is used to provide secure access to SE website features such as address lookup and form validation/submissions.
When browser is closed
Performance and analytics cookies
They allow us to recognise and count the number of visitors and to see how visitors move around our website when they are using it. This helps us to improve the way our website works, for example, by ensuring that users are finding what they are looking for easily.
Third party service
Purpose
Where to find out more
Google Analytics
Google Analytics helps us analyse the behaviour of users on our site, such as which pages they view, how long they spend on each page, and which elements they interact with.
Hotjar helps us analyse the behaviour of users on our site by collating data into heatmaps, scrollmaps and other visual representations. It also allows us to add short surveys to the site.
Our website carries embedded ‘share’ buttons to enable users of the site to easily share articles with their friends through a number of popular social networks. These sites may set a cookie when you are also logged in to their service. Scottish Enterprise does not control the dissemination of these cookies and you should check the relevant third party website for more information about these.
Similarly, Scottish Enterprise sometimes embeds photos and video content from websites such as YouTube and Flickr. As a result, when you visit a page with content embedded from, for example, YouTube or Flickr, you may be presented with cookies from these websites. Scottish Enterprise does not control the dissemination of these cookies. Again, you should check the relevant third party website for more information about these.
Scottish Enterprise will not use cookies to collect personally identifiable information about you. However, if you wish to restrict or block the cookies which are set by Scottish Enterprise websites, or any third party websites, you can do this through your browser settings. The Help function within your browser should tell you how.
Alternatively, you may wish to visit the About cookiesopens in a new window website, which contains comprehensive information about cookies and how to restrict or delete cookies on a wide variety of browsers.
Please be aware that restricting cookies may impact on the functionality of the Scottish Enterprise website.
Scottish Enterprise and our other websites use a number of suppliers who set cookies on our behalf in order to deliver the services that they are providing. We are constantly reviewing our use of cookies and, as such, this cookies policy will be regularly renewed to include up to date information about the cookies used by our suppliers. We would highly recommend that you check this page on a regular basis.